Friends Of Hudson River Park Inc
- Assets
- $3.5m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 21
- Location
- New York, NY
- Founding
- 09/2000
- Data as of
- 03/2023
- EIN
- 13-4112913
Organization Overview
Friends Of Hudson River Park Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 03/2023, Friends Of Hudson River Park Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Hudson River Park Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Friends Of Hudson River Park Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $5.9m during the year ending 03/2023. While expenses have increased by 4.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF HUDSON RIVER PARK IS A NON-PROFIT ORGANIZATION DEDICATED TO THE COMPLETION, CARE AND ENHANCEMENT OF HUDSON RIVER PARK. HUDSON RIVER PARK SPANS FOUR MILES ALONG MANHATTAN'S WEST SIDE WATERFRONT FROM 59TH STREET SOUTH TO CHAMBERS STREET, AND ENCOMPASSES 550 ACRES OF UPLAND GREEN SPACE, RECREATIONAL PIERS AND A STATE-DESIGNATED HUDSON RIVER ESTUARINE SANCTUARY. IN ADDITION TO HOSTING ROUGHLY 17 MILLION VISITS ANNUALLY, THE PARK OFFERS A MULTITUDE OF FREE PUBLIC PROGRAMS FOR FITNESS, SPORTS AND RECREATION, CULTURAL EVENTS LIKE FILM, LIVE MUSIC, DANCE, AND FAMILY ENTERTAINMENT, AS WELL AS ENVIRONMENTAL EDUCATION AND MARINE SCIENCE, HISTORY AND NATURE TOURS, AND COMMUNITY-BASED SUSTAINABILITY INITIATIVES. HUDSON RIVER PARK IS FINANCIALLY SELF-SUSTAINING, RELYING ON PRIVATE FUNDING FOR ITS ANNUAL OPERATIONS AND MAINTENANCE. FRIENDS OF HUDSON RIVER PARK RAISES FUNDS TO SUPPORT THE PUBLIC EVENTS, LANDSCAPES AND GARDENS, PLAYGROUNDS AND FAMILY ACTIVITIES, ENVIRONMENT AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC POLICY IS TO SUPPORT CONSTRUCTION FUNDING FOR THE PARK, INCLUDING POSITION PAPERS, RECRUITMENT OF SUPPORTING GROUPS, MEETINGS WITH PUBLIC OFFICIALS, MEDIA WORK AND STUDY OF DEVELOPMENT PLANS.
PROVIDING FUNDS TO THE HUDSON RIVER PARK TRUST AND VOLUNTEER SERVICES TO SUPPORT THE CARE AND ENHANCEMENTS OF THE PARK.
PUBLICATIONS/ CONSTITUENCY BUILDING - PRINTING AND DISTRIBUTION OF NEWSLETTER, WEBSITE DEVELOPMENT AND OUTREACH ACTIVITES TO EXPAND THE CONSTITUENY OF THOSE SUPPORTING THE DEVLOPMENT OF HUDSON RIVER PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Taylor Chair | OfficerTrustee | 2 | $0 |
Scott M Lawin Vice Chair | OfficerTrustee | 2 | $0 |
Justin Sadrian Vice Chair | OfficerTrustee | 2 | $0 |
Samuel F Martini Treasurer | OfficerTrustee | 2 | $0 |
Susanna Aaron Secretary | OfficerTrustee | 2 | $0 |
David Amsterdam Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pier 60 Llc Provide The Venue And Catering For Annua | 3/30/23 | $222,687 |
Josh Wood Productions Provide Production Services For Annual G | 3/30/23 | $172,190 |
Kvl Audio Visual Services Inc Provide Audio-visual Services For Annual | 3/30/23 | $134,459 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $662,650 |
| Fundraising events | $1,868,995 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,674,472 |
| Noncash contributions included in lines 1a–1f | $319,623 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,206,117 |
| Total Program Service Revenue | $0 |
| Investment income | $18,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,224,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,085,403 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $315,061 |
| Compensation of current officers, directors, key employees. | $61,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,306,338 |
| Pension plan accruals and contributions | $55,695 |
| Other employee benefits | $247,624 |
| Payroll taxes | $128,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,518 |
| Advertising and promotion | $2,917 |
| Office expenses | $31,695 |
| Information technology | $111,098 |
| Royalties | $0 |
| Occupancy | $11,807 |
| Travel | $13,523 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,104 |
| Insurance | $15,398 |
| All other expenses | $0 |
| Total functional expenses | $5,856,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $2,678,744 |
| Pledges and grants receivable | $374,041 |
| Accounts receivable, net | $175,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $227,704 |
| Net Land, buildings, and equipment | $40,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,496,865 |
| Accounts payable and accrued expenses | $2,258,328 |
| Grants payable | $0 |
| Deferred revenue | $279,194 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $2,687,522 |
| Net assets without donor restrictions | $382,137 |
| Net assets with donor restrictions | $427,206 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,496,865 |